Property Focus
Land Price Index by District in Phnom Penh
Research by Z1 Data Co., LTD (Cambodia) has shown that the outlying districts of Phnom Penh are attracting more and more investment projects in sectors including residential, commercial, and industrial. This momentum is also seeing positive trends in the land price index in those areas as a result The report has summarized land prices in […]
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Supply of Landed Property and Condo by Districts in Phnom Penh
By the end of 2020, the number of landed properties in Phnom Penh had increased to over 186,000 units while the number of condominiums had skyrocketed to over 109,000 units, according to research data from Z1 Data Co., LTD (Cambodia). The same data also shows that comparing 2018 to the end of 2020, the number […]
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Prince Holding Group Headquarters Building in Cambodia Wins Luban Award
The China Construction Industry Association has recently announced the winners for the 2020 China Construction Engineering Luban Award (Overseas Projects), for which Prince Holding Group Headquarters was also on list. Located in Koh Pich, Phnom Penh, this project was built by China Construction Fourth Engineering Division (Cambodia) Corp., Ltd and is the first 5A class […]
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Top Five Green Buildings of 2021
Photo credit to Procore Since climate change has become one of the major issues of our world, architects around the world are turning their designs into innovative, eco-friendly, and green buildings. US construction project management software firm Procore Technologies, Inc. has listed their top five innovative green building in 2021: Valley in the Netherlands This […]
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Phnom Penh’s Largest Wholesale Fresh Market Moved to Kandal for COVID-19 Safety Measures
After hundreds of people were found to be COVID-19 positive in Phnom Penh, the Phnom Penh authorities have decided to close down Phnom Penh’s largest wholesale fresh market Psar Deumkor for 14 days and temporarily moved all the stalls to a new location in Kandal province. According to the Phnom Penh municipality announcement on 18 […]
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Gov’t to Collect VAT on Online Business
The Generation Department of Taxation (GDT) announced on 13 April that it will begin to collect value-added tax (VAT) on all online businesses soon, while the detailed procedures are set to be announced later. This announcement is made following the new sub-decree issued on April 8, which states that the tax will be applied to […]
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Understanding Four Major Property-Related Taxes in Cambodia
In Cambodia, all real estate transactions are taxable. The four major property-related taxes as follows: Property Transfer Tax or Stamp Duty Tax (4%) A tax rate of 4% applies to all transfers of property. This tax is often paid by buyers, but it can be negotiable depending on their contracts. Taxpayers must pay the tax […]
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Similarities and Differences Between Pledges and Hypothecs
According to Articles 816 and 843 of the Civil Code, a pledge is different from a hypothec. For pledge transactions, the creditor has the right to possess and use the pledged property. However, in the case of hypothec transactions, the creditor has no right to possess the collateral, which means debtors can still can use […]
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Construction delays another greatest risk for the condo market besides oversupply
Construction delays, as well as the delays in handover date, are the two main concerns in the condominium market at the moment, followed by the oversupply issue, according to CBRE Cambodia’s recent report. The report added among other causes, the loss of foreign investment in the sector is the prominent one that negatively impacts the […]
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Diamond Island Convention Centre to Become COVID-19 Treatment Facility
The OCIC, Canadia Group, and Cambodia Constructors Association (CCA) Chairman Neak Oknha Pung Kheav Se has allowed the government to convert Diamond Island Convention and Exhibition Centre as a COVID-19 treatment facility, according to Prime Minister Samdech Hun Sen on 10 April. PM Hun Sen announced that currently there are three hospitals to treat COVID-19 […]
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